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Nzdjpyshort

NZDJPY - Bearish Bias🇳🇿NZD - Strong Bearish 1️⃣ The surge in Delta variant COVID-19 infection cases in the Asian region is pressing the prospects for economic recovery. 2️⃣ Gloomy market targets are causing investors to stay away from high-beta currencies like the NZD. 🇯🇵 JPY - Strong Bullish 1️⃣ A risk-off market environment supports demand for safe-haven currencies such as the JPY. ===== Technical ===== We are looking to sell the NZDJPY at SBR + below SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Short
by MonsunAsia
Outlook on NZDJPY: Bearish play seenHi everyone, NZDJPY remains under pressure and could see a further downside. On the daily time frame, prices are holding below a key resistance level at 77.350 in line with the daily descending trend line and 78.6% fibonacci retracement which could see prices extend its decline below this resistance level. On the H4 time frame, prices broke the ascending trend line and a pullback to test our resistance at 77.048 presents an opportunity to enter a short.
Short
by shermzT
1
NZDJPY SHORT OPPORTUNITYHey, if you like this idea be sure to support with a like and a follow. Here is my analysis for NZDJPY for the upcoming week, wait for price to pullback to retest resistance and take a short down to the next support area . What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. CHECK FOR DIVERGENCE.
Short
by bluesignalfx
1
NZDJPY facing bearish pressure | 16th July 2021NZDJPY facing bearish pressure and is likely to hold below sell entry which coincides with the descending trendline, 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Price is likely to take support at horizontal swing low support which coincides with 61.8% Fibonacci extension . Stochastic is likely to hold below the resistance level of 88.73. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
4